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Staying Ahead of the Curve as Alternative Currencies Falter

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What happens when a paramilitary leader from Russia starts a “social financial network”? Bitcoin values skyrocket and then quickly implode as demand is built on hype and then crashes when it becomes apparent that the investments made using bitcoins really were just too good to be true. 

Why did Bitcoin spike more than 200% in a 48 hour period? 
If the global financial markets are going insane, then chances are that alternative currencies (i.e. Bitcoin, Gold, Silver, etc.) are going to start reacting to market headlines. However, when only one currency goes bananas, then you need to fall back on your own due diligence for grounded analysis. Unfortunately, with the anonymity that Bitcoin provides, this can be incredibly difficult to do. 

Multi-Level-Marketing Plus Finance = Pyramid Scheme 
This proved to be the case when Sergey Mavrodi “discovered” an incredible new investment model that would make everyone rich beyond their wildest dreams. Sound too good to be true? That’s probably because it was. MMM, his online investment website, allowed clients to make investments using Bitcoin currency with a guaranteed return on investment that far exceeded any traditional investment tool. 

So beyond the promise of wild returns on investment (as much as 30 percent per month), there were two other red flags that this investment plan was in reality a thinly veiled pyramid scheme. First, the guarantee of a ridiculous return on investment, and second, the bonus that investors received if they got their friends and family to invest. 

Staying Ahead of the Curve in a Free-Wielding, Virtual Currency Market 
The nature of a virtual currency, like Bitcoin, is that it’s unregulated. Unfortunately, this means that activities can take place outside of the eyes of government oversight. While this can be a benefit for investors that put a high value on anonymity, it adds substantial risk into the equation. Currency manipulation is a real threat, especially to fledgling virtual currencies. 

Relying on Yourself for Due Diligence and Competent Advice 
If you’re investing substantial sums of money in virtual currencies, like Bitcoin, you owe it to yourself to sharpen your thinking and focus. Without the watchful eyes of the Securities and Exchange Commission (SEC), you have to be both investor and financial watchdog. 

Even if you don’t invest in virtual currencies, but you’re looking to fine tune your performance in your daily routine, “Ahead of the Curve” is an eBook that comes highly recommended by experts in the field of personal improvement. The Center for Management and Organization Effectiveness (CMOE), which published this compelling eBook, is world renowned for providing tools to organizations and individuals that boost performance and deliver results. 

No matter whether you’re a financial aficionado, a fledgling entrepreneur, or a career businessman, fine-tuning your thinking is key. The CMOE group gives people the power to make meaningful changes in their lives. Bitcoin might just be the wave of the future, or it may be a passing fad. The one thing that remains constant is that the best investment one can make is hard work and laser-focus. Are you ready to take your life and your finances to the next level?

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